2024-12-22-accounts

Trustees’ Annual Report for the period

From 23 December 2023 To 22 December 2024

Charity name: The Witheren Foundation Charity registration number: 1192994

Objectives and Activities

Objectives and Activities	Objectives and Activities	Objectives and Activities
SORP reference
Summary of the purposes of the charity as set out in its governing document Para 1.17 The trustees shall hold the capital and income of the Trust Fund upon trust to apply the income, and all or such part or parts of the capital, at such time or times and in such manner to, or for the benefit of such Charities or such exclusively charitable purposes according to the law of England and Wales in any part of the world and in such manner as the Trustees may in their absolute discretion think fit.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 In furtherance of the charity’s objects for the public benefit the trustees provide grants.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Para 1.38 Other

Achievements and Performance

SORP reference

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year under review the charity made grant awards to fifteen charities totalling £165,000.

Additional information (optional)

You may choose to include further statements where relevant about:

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Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives
set
Para 1.41
Investment performance
against objectives
Para 1.41
Other
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Financial Review

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Review of the charity’s Para 1.21 At the end of the reporting period the charity
financial position at the end had free reserves of £18,126 (2023:
£76,363).
of the period
In addition to the free reserves the charity
has bank balances of £352,391 (2023:
£261,338) and investments valued at
£9,907,332 within the endowment fund,
available for release to support the activities
of the charity.
The Trustees pursue a policy of maintaining
a free reserve available to be spent in the
furtherance of the charity’s objectives as
well as covering future needs, opportunities,
contingencies and risks.
During the year under review an
overstatement of the cash position was
identified due to missing payments in the
comparative year. This has been amended
in the comparative analysis and opening
position of the current year.
Statement explaining the Para 1.22
policy for holding reserves
stating why they are held
Amount of reserves held Para 1.22
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any Para 1.23
uncertainties about the
charity continuing as a going
concern
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Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Other

Structure, Governance and Management

Structure, Governance and Management	Structure, Governance and Management	Structure, Governance and Management
Description of charity’s trusts:
Type of governing document (trust deed, royal charter) Para 1.25 Trust deed dated 24 October 2017.
How is the charity constituted? (e.g unincorporated association, CIO) Para 1.25 Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed by the settlors jointly during their lifetime or following death or incapacity one of them and subject to this appointment the power of appointment is exercisable by the trustees.

Additional information (optional) You may choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Reference and Administrative details	Reference and Administrative details
Charity name The Witheren Foundation
Other name the charity uses
Registered charity number 1192994
Charity’s principal address	Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Peter Dominic
1
Caldecott
Sara Caroline
2
Caldecott
Ludlow Trust
3
Company Limited
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved

Director name Gary St John Collins Walter Duncan Coxon Ali Reza Sarikhani Ziba Christina Sakine Sarikhani Christopher Ian Thurlow Matthew John Wickers

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

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Type of adviser Name Address
Investment Managers Coutts & Co 440 The Strand, London, WC2R 0QS
Bankers Coutts & Co 440 The Strand, London, WC2R 0QS
Accountants Charter Tax Consulting 8th Floor, 1 Southampton Street, London
Limited WC2R 0LR
Independent Examiner Geoffrey Frost Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, PO19 1SY
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Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) David Breach Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company Limited (Trustee) Date 22 October 2025

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The Witheren Foundation 1192994
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 23.12.2023 22.12.2024
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Investment income 96,179 - - 96,179 96,606
Interest received 77,942 - - 77,942 13,091
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 174,121 ] - - 174,121 109,697
A2 Asset and investment sales,
(see table).
Sale of investments - - 3,124,279 3,124,279 3,264,817
- - - - -
Sub total - - 3,124,279 3,124,279 3,264,817
Total receipts 174,121 - 3,124,279 3,298,400 3,374,514
A3 Payments
Grants awarded 165,000 - - 165,000 98,000
Investment management fees (including
VAT) - - 19,878 19,878 18,443
Trust administration fees (including VAT) 31,836 - - 31,836 24,312
Independent examiners fees 180 - - 180 180
Cash management fee 489 - - 489 667
Bank charges 12 - - 12 -
Accountancy fees 1,200 - - 1,200 -
- - - - -
Sub total [ 198,717 ] - 19,878 218,595 141,602
A4 Asset and investment
purchases, (see table)
Investment purchases - - 3,046,989 3,046,989 4,680,305
- - - -
Sub total [ - ] - 3,046,989 3,046,989 4,680,305
Total payments 198,717 - 3,066,867 3,265,584 4,821,907
Net of receipts/(payments) - 24,596 57,412 32,816 - 1,447,393
A5 Transfers between funds - 33,641 - 33,641 - -
A6 Cash funds last year end 76,363 261,338 337,701 1,785,094
Cash funds this year end 18,126 - 352,391 370,517 337,701
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CCXX R1 accounts (SS)

22/10/2025

1

Section B Statement of assets and liabilities at the end of the period

Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Capital account Income account Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Investment portfolio Investment portfolio Money Market Deposit Details Details	Unrestricted funds Restricted funds to nearest £ to nearest £ - - 18,126 - - - 18,126 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - Endowment - Endowment - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name David Breach on behalf of Ludlow Trust Company Limited	Endowment funds to nearest £ 352,391 - - 352,391 OK Endowment funds to nearest £ - - - - - - Current value (optional) 3,994,282 4,504,019 1,409,031 - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 22 October 2025

Signed by one or two trustees on behalf of all the trustees

CCXX R2 accounts (SS)

22/10/2025

2

Independent Examiner's Report to the Trustees of The Witheren Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended 22 December 2024.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Geoffrey Frost BSc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date

22 October 2025